Valley Brook Capital Group Inc. Purchases 40 Shares of Deere & Company (NYSE:DE)

Valley Brook Capital Group Inc. raised its position in shares of Deere & Company (NYSE:DE) by 0.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,164 shares of the industrial products company’s stock after purchasing an additional 40 shares during the quarter. Deere & Company accounts for about 1.6% of Valley Brook Capital Group Inc.’s investment portfolio, making the stock its 15th biggest holding. Valley Brook Capital Group Inc.’s holdings in Deere & Company were worth $2,188,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pineridge Advisors LLC boosted its holdings in shares of Deere & Company by 60.5% during the 4th quarter. Pineridge Advisors LLC now owns 69 shares of the industrial products company’s stock valued at $29,000 after acquiring an additional 26 shares during the last quarter. Modus Advisors LLC purchased a new stake in shares of Deere & Company during the 4th quarter valued at about $32,000. Livelsberger Financial Advisory purchased a new stake in shares of Deere & Company during the 3rd quarter valued at about $32,000. YANKCOM Partnership purchased a new stake in shares of Deere & Company during the 4th quarter valued at about $34,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of Deere & Company during the 4th quarter valued at about $35,000. 68.58% of the stock is currently owned by institutional investors.

Deere & Company Price Performance

DE stock opened at $474.79 on Wednesday. Deere & Company has a one year low of $340.20 and a one year high of $485.84. The company’s fifty day moving average price is $445.15 and its 200-day moving average price is $414.08. The company has a debt-to-equity ratio of 1.89, a quick ratio of 1.90 and a current ratio of 2.09. The company has a market capitalization of $129.31 billion, a PE ratio of 18.55, a price-to-earnings-growth ratio of 2.87 and a beta of 0.98.

Deere & Company (NYSE:DE) last released its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping the consensus estimate of $3.89 by $0.66. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. The firm had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. During the same quarter in the previous year, the firm earned $8.26 earnings per share. The company’s quarterly revenue was down 32.8% compared to the same quarter last year. On average, equities analysts anticipate that Deere & Company will post 19.38 EPS for the current fiscal year.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Tuesday, December 31st were issued a $1.62 dividend. This represents a $6.48 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Tuesday, December 31st. This is an increase from Deere & Company’s previous quarterly dividend of $1.47. Deere & Company’s payout ratio is 25.31%.

Analysts Set New Price Targets

Several analysts recently issued reports on DE shares. Truist Financial boosted their target price on shares of Deere & Company from $538.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Oppenheimer boosted their target price on shares of Deere & Company from $477.00 to $507.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Morgan Stanley boosted their target price on shares of Deere & Company from $401.00 to $450.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. Citigroup cut their target price on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research report on Tuesday, January 14th. Finally, Barclays boosted their target price on shares of Deere & Company from $400.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Eleven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $446.17.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.